Today’s Stock On Watch: Is Duluth Holdings Inc a Buy? The Stock Reaches 52-Week High Today

November 17, 2016November 17, 2016Greg Major

The stock of Duluth Holdings Inc (NASDAQ:DLTH) hit a new 52-week high and has $42.07 target or 30.00% above today’s $32.36 share price. The 9 months bullish chart indicates low risk for the $1.03 billion company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $42.07 price target is reached, the company will be worth $309.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 62,987 shares traded hands. Duluth Holdings Inc (NASDAQ:DLTH) has risen 27.78% since April 15, 2016 and is uptrending. It has outperformed by 23.16% the S&P500.

Duluth Holdings Inc (NASDAQ:DLTH) Ratings Coverage

Out of 4 analysts covering Duluth Holdings (NASDAQ:DLTH), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Duluth Holdings has been the topic of 6 analyst reports since December 15, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Tuesday, December 15 by William Blair. The rating was initiated by Stifel Nicolaus with “Buy” on Friday, May 27. Stifel Nicolaus maintained it with “Buy” rating and $35 target price in Friday, September 2 report. On Friday, September 9 the stock rating was maintained by Robert W. Baird with “Outperform”. Robert W. Baird initiated it with “Outperform” rating and $20 target price in Tuesday, December 15 report. The stock of Duluth Holdings Inc (NASDAQ:DLTH) earned “Outperform” rating by BMO Capital Markets on Tuesday, December 15.

More notable recent Duluth Holdings Inc (NASDAQ:DLTH) news were published by: Marketwatch.com which released: “Duluth Holdings started at buy with $28 stock price target at Stifel Nicolaus” on October 11, 2015, also Globenewswire.com with their article: “Duluth Holdings Inc. Announces First Quarter Financial Results” published on June 07, 2016, Globenewswire.com published: “Duluth Holdings Inc. Celebrates Grand Opening of New Store in Omaha, Nebraska” on July 07, 2016. More interesting news about Duluth Holdings Inc (NASDAQ:DLTH) were released by: Nasdaq.com and their article: “Duluth Holdings Inc. Celebrates Grand Opening of King of Prussia, Pennsylvania …” published on October 21, 2016 as well as Zacks.com‘s news article titled: “Duluth Holdings Inc (DLTH) Closes Its First Day of Trading Up Over 13%” with publication date: November 20, 2015.

DLTH Company Profile

Duluth Holdings Inc., incorporated on October 29, 1986, is a lifestyle brand of men’s and women’s casual wear, workwear and accessories sold through the Company’s own direct and retail channels. The Firm operates through two divisions: direct and retail. The Company’s product assortment includes shirts, pants, underwear, outerwear, footwear, accessories and hard goods. The Firm offers a range of products, such as its Longtail T shirts, Buck Naked underwear and Fire Hose work pants. The Firm offers products under its Duluth Trading brand name. The Firm also offers Duluthflex Ballroom jeans. The Firm owns and operates a distribution center in Belleville, Wisconsin, which is approximately 115,000 square feet of production and warehouse space.